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The Owner Finance Contract is utilized in Belgian property transactions where traditional bank financing is either not preferred or not available. This comprehensive agreement, governed by Belgian law, combines elements of both a property sale agreement and a financing arrangement, providing an alternative method for property acquisition. It is particularly useful for situations involving unique properties, buyers with non-traditional income sources, or expedited transactions. The document must comply with Belgian Civil Code requirements, consumer protection laws, and financial regulations, while incorporating necessary security interests and registration requirements. The contract typically includes detailed payment terms, property maintenance obligations, default provisions, and specific conditions for final title transfer, all structured to meet Belgian notarial and registration requirements.

1. Parties: Identification of the property owner (seller/financier) and the buyer, including full legal names, addresses, and any relevant registration numbers

2. Background: Context of the transaction, including brief property description and parties' intention to enter into owner financing arrangement

3. Definitions: Key terms used throughout the agreement, including Property, Purchase Price, Interest Rate, Payment Terms, etc.

4. Property Description: Detailed legal description of the property, including address, cadastral references, and registration details

5. Purchase Price and Financing Terms: Total purchase price, down payment, financed amount, interest rate, and amortization schedule

6. Payment Terms: Payment schedule, method of payment, late payment penalties, and prepayment provisions

7. Security Arrangements: Details of mortgage or other security interests, including registration requirements

8. Insurance and Maintenance: Requirements for property insurance and maintenance obligations during the financing period

9. Default and Remedies: Events of default, cure periods, and available remedies including foreclosure procedures

10. Transfer of Title: Conditions for final transfer of property title and release of security interests

11. Representations and Warranties: Standard declarations by both parties regarding their capacity and authority

12. Governing Law and Jurisdiction: Confirmation of Belgian law application and jurisdiction for disputes